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Assume the stock price is $ 5 0 , a call option on that stock has a premium of $ 5 , a put option

Assume the stock price is $50, a call option on that stock has a premium of $5, a put option on that stock has a premium of $3, the strike price on both options is $50, and you presently hold no position in the three. Suppose you take one of the following positions and the stock price drops to $47 per share. Which position would have gained the most dollars?
a. Writing a naked call
b. Writing a covered call
c. Writing a fiduciary put
d. Selling the stock short
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